This Undiscovered Company Is Beating Investment Banks at Their Own Game
When it comes to investment banks, the first companies many investors think of are Goldman Sachs, JPMorgan Chase, and Morgan Stanley. What if I told you there is an investment bank whose stock has outperformed these others since it went public a little over five years ago?
That company is Houlihan Lokey (NYSE: HLI), an investment bank formed in 1972 that went public in August 2015. Since its first day of trading, this undiscovered investment bank has delivered investors gains of more than 300%, crushing its peers as well as the broader market, which has gained more than 120% during the same period.
The investment bank did a stellar job of navigating the pandemic last year, seeing some segments outperform in certain quarters as others lagged, giving its earnings stability and growth and resulting in strong stock performance. Not only that, but the company's CEO is optimistic about the current environment and prospects for future growth.
Source Fool.com
